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lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do you agree president obama's ultimatum on higher taxes are actually the cause? make him responsible for driving us off the fiscal cliff? go to our to be page at facebook facebook.com/loudobbs. we'll have results at the end. chris and steven joining us here next to address th question and more. you know, from our 4,000 television commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe d
lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're just at the beginning of a long protractive battle, lou. lou: more on the stalemate of the fiscal cliff, the impasse, and tell us what you think about the so-called negotiations. vote in tonight's online poll. do...
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the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest common denominator. that is what both sides can agree upon. since obama doesn't seem to want to give anything to the republicans, that is where i think it will end up. lou: where do you think they will end up in a war that we will end up, far more importantly? >> i think that is a great question. i don't think anybody knows. to the point of the testing, i thought the interesting point was made by president obama at the business roundtable. working towards john engler his possession to extend debt ceiling providers. that is what we are talking about. >> what is broken is taxes and the dead and spending cuts. if the president were honest and in good faith, he wouldn't be ne
the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest common denominator. that is what both sides can agree upon. since obama doesn't seem to want to give...
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he joins us here in just moments to take a look at the fiscal cliff. a man who, as i said earlier in the broadcast was present at the previous precipices and survived it all. he will give us his insights. first, going to wall street, the markets tonight. "moneyline." stuck in a fairly tight trading range. investors cautious as they grow increasingly nervous about the fiscal cliff. the dow jones industrial down 14 points, s&p lost and a half, nasdaq down six. over 3 billion shares traded on the big board today. two more companies announcing special cash dividends. the investment company the announcing a dividend of $0.20 per share in the special dividend of a dollar per share both payable before year's end. and announcing a dollar dividend per share, payable on christmas eve. in its release, they went on to say that after january 1st the company believes paying cash dividends may not be the most effective way of rewarding shareholders with those higher taxes on dividends. well, our next guest here says, as washington is wrestling with a fiscal clef, the
he joins us here in just moments to take a look at the fiscal cliff. a man who, as i said earlier in the broadcast was present at the previous precipices and survived it all. he will give us his insights. first, going to wall street, the markets tonight. "moneyline." stuck in a fairly tight trading range. investors cautious as they grow increasingly nervous about the fiscal cliff. the dow jones industrial down 14 points, s&p lost and a half, nasdaq down six. over 3 billion shares...
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house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much more ahead this hour including a biotech ceo what is hurting innovation in the sector. you guessed it, obamacare. a corda's ron cohen is here. ashley: apple making lots of news with its stock swings. reports it is shifting production away from china back to the u.s. as we do this time every day, look how oil is trading. down nearly 2%. bun a buck 73 at 86.15 a barrel. we'd be right back there is no mass-produced human. every human being is unique. and there is one store tha. the sleep nuer store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclus
house speaker boehner said that will be a debating point in the debt ceiling and in the fiscal cliff when it comes to that. ashley: certainly will. milton ms. rought at this, thanks for being with us for your perspective on the market when we see what happens in washington. thanks so much. >> thank you. tracy: he is oozing confidence in washington, isn't he? ashley: yes. dripping with sarcasm i think is more --. tracy: sham else about. i love that word. it's a shambles. there is so much...
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this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new taxes was dispatched by the voters to a hotel room in houston rather than four more years in the white house because he violated that pledge. george herbert walker bush would keep that pledge today. stuart: always a pleasure. we say it every day on "varney and company," time is money. we mean it. i especially mean it. my take on punctuality next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new...
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coming up, i will be joined by moneyman wayne rogers for his take on the looming fiscal cliff. >> coming up on "the willis report", does speed killed? how does this impact individual traders? we break down what this means for your gerriwillis.com. in the death as it spirals out of control. chopping debt in half. to they have the answers for solving the nation's debt crisis to mecca also, a showdown between the epa and aaa. will the new fuel cause damage your vehicle? the man behind legislation to block the new gasoline is us his take. we are on the case next on "the willis report." ♪ gerri: my mom always told me that the world is not fair, and expecting that is a recipe for frustration. howevee, the unfairness in the stock market is a problem that deserves fixing. that is because the stock market does not belong to just one type of trader, but all of us. high-frequency traders, professional, lightning fast trades preclude any real fundamental choices. they dominate the trading world these days. we are widely recognized as the folks behind the flash crash. may 6th 2010. saw that on our
coming up, i will be joined by moneyman wayne rogers for his take on the looming fiscal cliff. >> coming up on "the willis report", does speed killed? how does this impact individual traders? we break down what this means for your gerriwillis.com. in the death as it spirals out of control. chopping debt in half. to they have the answers for solving the nation's debt crisis to mecca also, a showdown between the epa and aaa. will the new fuel cause damage your vehicle? the man...
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president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what...
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if a deal in fiscal cliff is not reached, one in three jobless californians or 4000 people total could lose $450 per week in federal employment benefits that could be discontinued. also due to the high unemployment, debt and crime levels, california has been deemed the worst run state in the nation by 24/7 wall street, a financial news and opinion website. but the news is better in oregon, up north, medford oregon has been named the best housing market in the country. chosen based on data from case-shiller, economic and price data. santa fe, new mexico, the next best city. dennis: photo albums are a really popular gifts during the holidays and many including mosaic a quick and easy way to make any photo album on your smartphone. with more, let's bring in ceo who released the mosaic app earlier this month. thank you for being with us, tell us what it does. >> thank you, great to be with you. mosaic allows you to create a photo book for your phone. you can make it in less than five minutes on your phone. dennis: i get the app for free and i pay you for the book? >> you got it. typically
if a deal in fiscal cliff is not reached, one in three jobless californians or 4000 people total could lose $450 per week in federal employment benefits that could be discontinued. also due to the high unemployment, debt and crime levels, california has been deemed the worst run state in the nation by 24/7 wall street, a financial news and opinion website. but the news is better in oregon, up north, medford oregon has been named the best housing market in the country. chosen based on data from...
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we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? republicans and democrats sparring over how to avoid a fisca cliff. potential disaster that they created. >> and a clear majority of americans. not just democrats, ut also a lot of republicans and a lot of independence agreed we should have a balanced approach. >> we all know that we have had this been in crisis coming at us like a freight train. it has to be dealt with. lou: 33 days to go. n the president and congress fix the mess they have reated? the "a-team" joins us. washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine
we have people worg about the fiscal cliff which is worth worrying about. some of these states have gotten a massive problems. these three among them. unemployment is new york is over 8%. twenty-fourth highest and 16%, 16 percent live below the poverty line. the 22nd hight telling you how much trouble some of these states are in. all three of the states, by the way, have democratic governors and democratic lead and controlled legislature's. to you suppose that is a coincidence? republicans and...
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and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to mitt romney, many argue now with -- i think this is -- republicans are running with tail between their legs, and they are a lighter blue. >> they are referred to as cheap democrats. neil: you are persona nongratta now. or party we knew is gone. >> i'm hoping that is not the case. i'm hoping we'll have new members come in. and you know, we -- just saw it, i got involved in not a fiscal thing but it had to do with a u.n. treaty that the left's to s to hoist on u.s. that thing was going to pass, we got involved, an organization that i run, patriot voices, we stirred up the pot, got people to pay attention.
and it recalls that fiscal cliff, but the deal of made a year and a half ago, the republicans, democrats and president signed off on this, allowing tax increases to go back in place. and they signed on to half a trillion in cuts, in domestic programs and half a trillion in defense, understand what this is as a conservative, defense is 16% of the budget. other 84% gets half a trillion, defense getting half a trillion. the democrats are welcoming this to happen. >> the guy who ran second to...
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the other night i left the fiscal cliff behind and took a walk through new york city. it was great. the lights, the christmas tree, rockefeller center, crowds of people with their children. was such a switch. "varney and company" will not walk away from the fiscal cliff but we will bring you the real america, the responsible america, the way it is and the way it ought to stay. i hope you all have a wonderful american weekend. test test. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep nuer store. the only place in the world you'll find the extraordinarilcomfortable sleep number experience. an exclusive collectioof innovations that totally individualize your sleep. perfectly comfortable pillows that adjust to your size and shape. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that alls you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep p
the other night i left the fiscal cliff behind and took a walk through new york city. it was great. the lights, the christmas tree, rockefeller center, crowds of people with their children. was such a switch. "varney and company" will not walk away from the fiscal cliff but we will bring you the real america, the responsible america, the way it is and the way it ought to stay. i hope you all have a wonderful american weekend. test test. there is no mass-produced human. every human...
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standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto loans. tracy: we'll. ashley: we'll have you will the very pering numbers ahead. tracy: after all that i said senator domenici's name wrong. nicole petallides is on the floor of new york stock exchange. nicole, stocks trying to hold onto this 50 point gain here. >> we're actually moving higher now. we're moving close to highs of the day. we sold off early on coming off heels of yesterday where a lot of folks were concerned about some comments from the prior day. we had harry reid and boehner gave us a boost yesterday. today we sold off and moved back and forth. we've been over the unchanged lin
standoff on the fiscal cliff. both side say the other needs to get serious about making a deal. the question is who will flinch first? tracy: former senator and debt reduction task force co-chair pete domenici is here. stocks twisting and turning on every word out of washington. we'll hear from a top strategist to protect your investments amid all the volatility. ashley: a trillion dollar problem getting enough attention. american student loan debt surging now topping credit cards and auto...
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if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz deer. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >> 521 minutes past the hour, i have your fox ne
if you are sick of all this fiscal cliff talk. wayne rogers is also. wayne has the answer to all of our debt problems. he is coming up a little bit later on. first, speaking of markets, let's take a look at current fees and how are faring against the u.s. dollar. ♪ ♪ [ engine vs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250...
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if not, we are going to block the fiscal cliff. we have seen this before. we have seen this way before. we saw once with t.a.r.p., where panic was created, you had to vote for something. then we saw last year on the debt limit. so i think what the president is trying to do, they think they can run up right before christmas and then everybody will cave and the problem is the can will get kicked down the road and what would we do? lou: thank you very much, congressman devin nunes. good luck in averting what would be a tragedy for the country. up next, u.n. ambassador susan rice. she appears to be a very savvy investor. coming up tomorrow, joe trippi joins us. kris kobach on illegal immigration and fleet commander admiral james lyons. we are talking about benghazi. that is tomorrow. stay with us. the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little
if not, we are going to block the fiscal cliff. we have seen this before. we have seen this way before. we saw once with t.a.r.p., where panic was created, you had to vote for something. then we saw last year on the debt limit. so i think what the president is trying to do, they think they can run up right before christmas and then everybody will cave and the problem is the can will get kicked down the road and what would we do? lou: thank you very much, congressman devin nunes. good luck in...
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement spending if we want to prevent a battle between old and young americans. diana further got roth, senior fellow at man hat taken institute and joins us now. diana, seems to me raising the retirement age is the simplest thing you could do yet we're not talking about that. >> well, we certainly should be because part of the deficit problem, a great part, is entitlements, social security and medicare, keep adding fiscal burdens as people's live expectancy increases and it's great that people are living longer but when social security was first thought of the life expectancy was only 67. now it is arou
so while we're stuck on thinking about tax rates increases versus revenue, this fiscal cliff issue much larger. talks about the debt ceiling and what that means for next year. treasury saying that sometime early next year they will run out of those extraordinary measures and the u.s. will have to raise the debt ceiling or default. back to you. ashley: very good point. rich edson in d.c. thanks very much. tracy: our next guest says, forget taxes. washington needs to focus on cutting entitlement...
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dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p down downgraded jack daniels and vodka, you know, allen hamilton in the third quarter, cairn vol, all borrowed to issue special dividends, and really interesting story is costco, the ceo has been out there saying americans have to pay their fair share and sacrifice. you know, a big supporter of the president. he's saving $4 million on the special dividends costco has advance of the tax hikes. the board saving about $8 million on a $29 million dividend they get early. this is the companies on the radar screen. not, you know, just for that, if you are out there saying, yes, america should pay the fair share
dennis: growing number of companies fearing the fiscal cliff, borrowing money to pay off dividends now. tracy: there's a side effect to be aware of, and elizabeth is mere. >> swamp the balance sheet with debt, you're going to get a credit rating cut, and that's why agencies are warning. we have $100 billion borrowed in november, and now the number of companies issuing special dividends 234 # tax hikes on dividends, 173. watch out, costco cut by fitch, its credit rating downgraded. s&p...